Page 14 - Psus

M-cap share of PSUs at record low of 9.7% despite a strong rally in market

Continue to cede ground to family enterprises, private sector firms

Wary of British American Tobacco, govt may not budge on ITC stake sale

Fears a 2018-like episode when the foreign shareholder blocked proposal to issue Esops

Govt plans tough annual targets for state firms to boost valuations: Report

The government reportedly wants state-run firms to focus on improving market capitalisation and dividend payouts from the 2021/22 fiscal year

India plans tough targets for state-run firms ahead of privatisation push

India plans to set tough financial targets for state-run firms to try to improve valuations ahead of a push by PM Modi to privatise some firms, according to a draft government document and sources

BPCL bid evaluation meet on Tuesday; Vedanta, Apollo Global in race

The Ministry of Petroleum and Natural Gas has been asked to give its views on the response and the process so far

Best of BS Opinion: The PSU conundrum, adulterated honey, and more

Here are the best of Business Standard's opinions for Monday

With revenue constrained, government may look at PSUs for higher dividends

Centre may look towards its cash-rich public sector undertakings and those falling behind on their capex plans for current fiscal to declare higher dividends this year

Cong slams Centre over freezing of addl installments of DA for PSU staff

Congress leader Rahul Gandhi said while food inflation is rising, the government by freezing the DA of PSU staff is adding to their woes further

NTPC ranks first among Indian PSUs in Forbes' 'World's Best Employer 2020'

The recognition is testimony to the NTPC's commitment towards inculcating best in class practices that are thoughtfully designed and robustly executed, the company said in a statement

Five of 12 public sector bank stocks trade near face value of equity share

Five out of 12 public sector banks are trading near the face value of their equity shares on bourses regardless of a rally in stock benchmark indices, according to an analysis. Shares of state-run Indian Overseas Bank are even trading below the face value of Rs 10 per share. The stock closed at Rs 9.27 on Friday at BSE when the benchmark index Sensex closed at 40,509. The Chennai-based bank tapped the market first on September 2000 offloading part of the government's stake at par or at the face value of Rs 10. Remaining four public sector banks of Bank of Maharashtra, UCO Bank, Punjab & Sind Bank and Central Bank of India are trading near the face value of Rs 10 per share. Shares of Punjab & Sind Bank closed at Rs 10.81 per unit, Bank of Maharashtra's at 11.29 per unit on Friday. Mumbai-based Central Bank of India is slightly better positioned with closing price of Rs 12.45 per share followed by Kolkata-based UCO Bank at 12.14 per unit. One of the reasons for low interest of ..

Govt emphasis on raising turnover, efficiency of PSUs: Javadekar

Javadekar was speaking at the launch of a compendium titled ''Building Self-Reliance, Self-Resurgent and Resilient India''

BBB recommends 13 names for appointment as executive directors in PSU banks

The Banks Board Bureau (BBB) has recommended to the government names of 13 general managers of various public sector banks (PSBs) for appointment as executive directors

Centre mulls closure of PSUs up for sale on a case-to-case basis

The Union government may consider the closure of central public sector units (PSUs) even if they have been approved for strategic disinvestment on a case-to-case basis.

State-run firms biggest wealth destroyers in last six yeas, say MF veterans

The government has been pressing citizens to pay taxes and be compliant, but they have very little to show regarding improved efficiencies in the companies they themselves own, the managers added

Of lockdown laziness and change agents

Negligent at the best of times, our public sector undertakings have become even more lazy during these months of lockouts

5 Petroleum and Gas PSUs to join International Solar Alliance: Pradhan

Five Public Sector Undertakings (PSUs) under Petroleum and Natural Gas Ministry will be joining International Solar Alliance (ISA)'s Coalition for Sustainable Climate Action (ISA-CSCA) as Corporate Partners and will be contributing to ISA's Corpus Fund, said Ministry of Petroleum & Natural Gas on Tuesday.In his inaugural speech at the First World Solar Technology Summit organized by ISA, Minister of Petroleum and Natural Gas Dharmendra Pradhan said that Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL) and GAIL (India) Limited will be contributing to ISA's Corpus Fund.According to a press statement, Pradhan said that increasingly and rightly so, Indian Oil & Gas companies are actively taking part in this clean energy transition. "In order to reduce carbon footprint, these companies will be focusing more on green energy investments such as ...

ITI, Ilantus Technologies sign MoU to provide cyber security solutions

ITI Limited said it signed MoU with Ilantus Technologies to deliver identity and IAM solution to government agencies, defence and PSUs to address concerns of cyber threats in the country

Women power to steer two of three beleaguered PSU non-life insurers

Women power will be steering forward two of the three beleaguered government owned non-life insurers, said industry officials

Govt calls off merger of the three public sector general insurers

Cabinet approves capital infusion of Rs 12,450 crore in these three companies

BMS announces week-long protests against Centre's move to sell PSUs

Union identifies five "burning issues"; protests will be held as part of its 'sarkar jagao saptah', or 'wake up the government' week, from July 24 to 30